secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2026-07-06T20:31:22+00:00
Accession:  0001437749-26-022794
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Twin Disc enters $30M term loan and $60M revolving credit facility with BMO and JPMorgan Chase
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- $30M term loans from Bank of Montreal and JPMorgan Chase, maturing June 30, 2031.
- Quarterly principal installments start at $375k, increasing to $750k by 2030.
- $60M revolving credit commitment with $5M swing line and $4M LC sublimits.
- Interest margins range 1.50%-3.00% based on leverage ratio.
- Facility secured by substantially all personal property and 65% of foreign sub equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774926022794/0001437749-26-022794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774926022794/twin20260702_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-022794

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer